NRG Energy (NYSE:NRG) Reaches New 52-Week Low – Here’s Why
by Renee Jackson · The Cerbat GemNRG Energy, Inc. (NYSE:NRG – Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $108.13 and last traded at $107.90, with a volume of 605497 shares trading hands. The stock had previously closed at $113.46.
Wall Street Analyst Weigh In
A number of analysts have recently commented on NRG shares. Scotiabank cut their target price on NRG Energy from $226.00 to $211.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 5th. Barclays raised their price target on NRG Energy from $200.00 to $204.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Wells Fargo & Company lifted their price target on NRG Energy from $203.00 to $209.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded NRG Energy from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Finally, BNP Paribas Exane set a $221.00 price objective on NRG Energy in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, NRG Energy currently has an average rating of “Moderate Buy” and a consensus price target of $198.43.
Check Out Our Latest Analysis on NRG Energy
NRG Energy Stock Performance
The company has a market cap of $22.97 billion, a PE ratio of 28.79 and a beta of 1.18. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.89 and a current ratio of 0.97. The stock’s 50-day simple moving average is $124.62 and its 200 day simple moving average is $139.51.
NRG Energy (NYSE:NRG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The firm had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.31 billion. NRG Energy had a return on equity of 52.95% and a net margin of 2.56%.The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share. NRG Energy has set its FY 2026 guidance at 7.900-9.900 EPS. As a group, equities analysts anticipate that NRG Energy, Inc. will post 8.6 EPS for the current year.
NRG Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.475 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.90 annualized dividend and a yield of 1.7%. NRG Energy’s payout ratio is presently 50.26%.
Insider Activity
In other news, CAO Gerald Alfred Spencer sold 1,580 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $120.93, for a total value of $191,069.40. Following the completion of the sale, the chief accounting officer directly owned 6,213 shares of the company’s stock, valued at $751,338.09. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Motiv8 Investments LLC acquired a new stake in NRG Energy in the fourth quarter valued at $27,000. MV Capital Management Inc. acquired a new position in shares of NRG Energy during the 4th quarter worth $27,000. Core Wealth Advisors LLC purchased a new position in shares of NRG Energy in the 4th quarter valued at about $28,000. EMC Capital Management purchased a new position in shares of NRG Energy in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management acquired a new stake in shares of NRG Energy in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 97.72% of the company’s stock.
NRG Energy Company Profile
NRG Energy, Inc is a North American energy and home services company headquartered in Houston, Texas. The company operates through power generation and energy retail businesses, supplying electricity and related services to residential, commercial and industrial customers.
NRG owns and operates a diverse portfolio of power-generation assets, including natural gas, coal, nuclear and renewable facilities. It also sells electricity and natural gas through brands such as Reliant, Direct Energy and Green Mountain Energy, with retail operations serving customers in competitive energy markets across the United States and Canada.
In addition to its energy operations, NRG provides smart-home, security and related connected-home services through its Vivint business.